Forever 21 seeks rent concessions, facing financial struggles
A Forever 21 store is pictured in London on Sept. 30, 2019. Alberto Pezzali | NurPhoto | Getty Images Forever 21 is asking landlords for a break on rent as …
Retail industry
Shein US IPO is dead, experts say
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce …
Carlsberg slides after Britvic rejects $3.9 billion takeover offer
Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer’s …
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food …
Darden Restaurants (DRI) Q4 2024 earnings
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty Images Darden Restaurants on Thursday reported …
NatWest swoops on retailer Sainsbury’s banking business
Customers use automated teller machines (ATM) at a Sainsbury’s supermarket in London, UK, on Tuesday, Feb. 14, 2023. The Office for National Statistics are due to release the latest UK …
Golden Goose postpones Milan IPO citing political turmoil in Europe
An employee adjusts a sneaker display inside a Golden Goose SpA store in the Mayfair district of London, UK, on Monday, Dec. 4, 2023. Roughly a dozen banks competed for …
Adidas investigates bribery allegations in China, FT says
Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Adidas has launched an investigation into allegations of large-scale bribery in …
Why Chinese EV tariffs may not work
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the …
Candy makers face steep cocoa prices, get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty Images …